Info
- Utilizzare la checkbox di selezione a fianco di ciascun documento per attivare le funzionalità di stampa, invio email, download nei formati disponibili del (i) record.
Optimal monetary and fiscal policy with limited asset market participation [[electronic resource] /] / prepared by Sven Jari Stehn
| Optimal monetary and fiscal policy with limited asset market participation [[electronic resource] /] / prepared by Sven Jari Stehn |
| Autore | Stehn Sven Jari |
| Pubbl/distr/stampa | [Washington D.C.], : International Monetary Fund, 2009 |
| Descrizione fisica | 1 online resource (36 p.) |
| Altri autori (Persone) | NovoaAlicia |
| Collana | IMF working paper |
| Soggetto topico |
Consumption (Economics) - Government policy
Fiscal policy |
| Soggetto genere / forma | Electronic books. |
| ISBN |
1-4623-3458-X
1-4527-5713-5 1-4518-7284-4 9786612843518 1-282-84351-6 |
| Formato | Materiale a stampa  |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Baseline Model; A. Households; B. Firms and Price Setting; C. Fiscal Policy; D. Aggregation and Market Clearing; E. Steady State and Linearisation; III.Equilibrium, Calibration and Determinacy; A. Equilibrium; B. Calibration; C. Determinacy; IV.Optimal Policy; Figures; 1. Determinacy in the baseline model; A. Social Welfare; B. Optimal Monetary Policy with Exogenous Fiscal Policy; C. Jointly Optimal Monetary and Fiscal Policy; 2. Optimal feedback coeffcients for different values of; 3. Impulse responses to a persistent cost-push shock in the baseline model
V. Extensions A. CRRA Preferences; B. Targeted Transfers; 4. Impulse responses to a persistent cost-push shock with CRRA utility, targeted transfers and equal lump-sum tax financing; C. Alternative Financing Assumptions; 5. Impulse responses to a persistent cost-push shock with government debt. .; VI.Conclusion; Appendix; A. Derivation of the Baseline Model; B. Derivation of the Social Welfare Function; C. Solving for Optimal Policy; D. Extensions; E. The 'non-Keynesian' Case; 6. Determinacy for the 'non-Keynesian case; References |
| Record Nr. | UNINA-9910463990803321 |
Stehn Sven Jari
|
||
| [Washington D.C.], : International Monetary Fund, 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Optimal Monetary and Fiscal Policy with Limited Asset Market Participation / / Sven Jari Stehn
| Optimal Monetary and Fiscal Policy with Limited Asset Market Participation / / Sven Jari Stehn |
| Autore | Stehn Sven Jari |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (36 p.) |
| Collana | IMF Working Papers |
| Soggetto topico |
Consumption (Economics) - Government policy
Fiscal policy Finance: General Labor Macroeconomics Public Finance National Government Expenditures and Related Policies: General Fiscal Policy Wages, Compensation, and Labor Costs: General General Financial Markets: General (includes Measurement and Data) Macroeconomics: Consumption Saving Wealth Public finance & taxation Labour income economics Finance Expenditure Real wages Securities markets Consumption Expenditures, Public Wages Capital market Economics |
| ISBN |
1-4623-3458-X
1-4527-5713-5 1-4518-7284-4 9786612843518 1-282-84351-6 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Baseline Model; A. Households; B. Firms and Price Setting; C. Fiscal Policy; D. Aggregation and Market Clearing; E. Steady State and Linearisation; III.Equilibrium, Calibration and Determinacy; A. Equilibrium; B. Calibration; C. Determinacy; IV.Optimal Policy; Figures; 1. Determinacy in the baseline model; A. Social Welfare; B. Optimal Monetary Policy with Exogenous Fiscal Policy; C. Jointly Optimal Monetary and Fiscal Policy; 2. Optimal feedback coeffcients for different values of; 3. Impulse responses to a persistent cost-push shock in the baseline model
V. Extensions A. CRRA Preferences; B. Targeted Transfers; 4. Impulse responses to a persistent cost-push shock with CRRA utility, targeted transfers and equal lump-sum tax financing; C. Alternative Financing Assumptions; 5. Impulse responses to a persistent cost-push shock with government debt. .; VI.Conclusion; Appendix; A. Derivation of the Baseline Model; B. Derivation of the Social Welfare Function; C. Solving for Optimal Policy; D. Extensions; E. The 'non-Keynesian' Case; 6. Determinacy for the 'non-Keynesian case; References |
| Record Nr. | UNINA-9910788332203321 |
|
Stehn Sven Jari
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
Optimal Monetary and Fiscal Policy with Limited Asset Market Participation / / Sven Jari Stehn
| Optimal Monetary and Fiscal Policy with Limited Asset Market Participation / / Sven Jari Stehn |
| Autore | Stehn Sven Jari |
| Edizione | [1st ed.] |
| Pubbl/distr/stampa | Washington, D.C. : , : International Monetary Fund, , 2009 |
| Descrizione fisica | 1 online resource (36 p.) |
| Disciplina | 658.8;658.834 |
| Collana | IMF Working Papers |
| Soggetto topico |
Consumption (Economics) - Government policy
Fiscal policy Capital market Consumption Economics Expenditure Expenditures, Public Finance Finance: General Fiscal Policy General Financial Markets: General (includes Measurement and Data) Income economics Labor Labour Macroeconomics Macroeconomics: Consumption National Government Expenditures and Related Policies: General Public finance & taxation Public Finance Real wages Saving Securities markets Wages Wages, Compensation, and Labor Costs: General Wealth |
| ISBN |
9786612843518
9781462334582 146233458X 9781452757131 1452757135 9781451872842 1451872844 9781282843516 1282843516 |
| Formato | Materiale a stampa |
| Livello bibliografico | Monografia |
| Lingua di pubblicazione | eng |
| Nota di contenuto |
Contents; I. Introduction; II. The Baseline Model; A. Households; B. Firms and Price Setting; C. Fiscal Policy; D. Aggregation and Market Clearing; E. Steady State and Linearisation; III.Equilibrium, Calibration and Determinacy; A. Equilibrium; B. Calibration; C. Determinacy; IV.Optimal Policy; Figures; 1. Determinacy in the baseline model; A. Social Welfare; B. Optimal Monetary Policy with Exogenous Fiscal Policy; C. Jointly Optimal Monetary and Fiscal Policy; 2. Optimal feedback coeffcients for different values of; 3. Impulse responses to a persistent cost-push shock in the baseline model
V. Extensions A. CRRA Preferences; B. Targeted Transfers; 4. Impulse responses to a persistent cost-push shock with CRRA utility, targeted transfers and equal lump-sum tax financing; C. Alternative Financing Assumptions; 5. Impulse responses to a persistent cost-push shock with government debt. .; VI.Conclusion; Appendix; A. Derivation of the Baseline Model; B. Derivation of the Social Welfare Function; C. Solving for Optimal Policy; D. Extensions; E. The 'non-Keynesian' Case; 6. Determinacy for the 'non-Keynesian case; References |
| Record Nr. | UNINA-9910961804603321 |
|
Stehn Sven Jari
|
||
| Washington, D.C. : , : International Monetary Fund, , 2009 | ||
| Materiale a stampa | ||
| Lo trovi qui: Univ. Federico II | ||
| ||
